Business, 16.10.2019 03:30 kaelynnmarie1135

The ajax co. just decided to save $1,500 a month for the next five years as a safety net for recessionary periods. the money will be set aside in a separate savings account which pays 3.25% interest compounded monthly. it deposits the first $1,500 today. if the company had wanted to deposit an equivalent lump sum today, how much would it have had to deposit?

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